Sabeco posts biggest quarterly profit since acquisition by Thai firm
Men drink Sabeco's Saigon beer on a roadside restaurant in Hanoi, Vietnam November 29, 217. REUTERS/Kham

sabeco-viet.jpg

Vietnam’s largest brewer Sabeco reported post-tax profits of VND1.79 trillion ($76.6 million) for the second quarter, the highest since ThaiBev acquired it in 2017.

It represented a 67 percent increase year-on-year, while revenues were up 25 percent to VND9 trillion.

The management said the lifting of social distancing restrictions, resumption of tourism and a general rise in consumption helped boost sales.

Profits for the first six months were VND3.03 trillion, 66 percent of the full-year target.

Thailand’s largest beverage company bought a 54 percent stake in Sabeco, the maker of Saigon Beer, five years ago.


About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.


CONTACT US

CALL US ANYTIME

Most read



Retail updates

Stay up to date of the lates updates and retail news from Asia.








X